The rise of a small town in shoe country

Chapter 527 Mr. Jin and Mr. Wang, Who Has More Assets

"Wang Jiudan's construction industry is open, divergent, and chain-type. One chain links to another, and one sets another. It is difficult to get in and out. It is good if there is no accident, and it is difficult to get out of the accident. Ultimately. The key is the capital chain, that is, the cash flow. Once the cash flow is cut off, nine out of ten will be finished, and the remaining one will be acquired by others.”

Yu Kefei smiled and said, "Your words are too mysterious and scary, so you should take Wang Jiudan as an example and tell me."

Jin Yunfei said: "He, don't look at him, but when he opens his eyes every day, the first thing to consider is whether there are more than 3000 million funds in the account that can be transferred. Why is it more than 3000 million? ?Because he has 3000 people and more than 100 projects are under construction at the same time. Each project must correspond to at least [-] million in cash, otherwise he will not be able to deal with any troubles."

"Wang Jiudan needs to prepare so much money?"

"Yes, you still have to be ready at any time. If he doesn't come out tonight, if his account is frozen, then he will be miserable. His suppliers, those who sell steel, those who sell cement, those who sell equipment, etc. , if you look for him together, he will be finished immediately. Because in normal times, his debts owed to others have always remained at more than [-] million. As far as I know, his loans in the bank have also reached as much as [-] million. Older than you can imagine What will happen if the creditors of two hundred million come to the door together?"

Yu Kefei sighed, "Yunfei, isn't their construction industry a profiteering industry? What about the money they have earned? Where did the money go?"

With a smile, Jin Yunfei said, "Where did the funds go? There are so many funds. Two-thirds of Wang Jiudan's more than 20.00 projects are government projects. Most of the government's projects are funded after they are approved. , looking for funds while constructing. This requires the contractor to bring their own funds to enter the site. The minimum is 30.00%, and the maximum is 40.00% or even [-]%. Wang Jiudan’s company is known as the first in the same industry in Tianzhou City, and he has a good face and shows ostentation , He has to fight for government projects. So the scale of his advances is often very large. As a result, the result is that the business is getting bigger and bigger, and the funds are getting more and more insufficient.”

"Oh, so that's the case."

"Wang Jiudan told me something about the situation. He still has 1 million yuan in the projects he did before. Is the amount big? Of course, he owes those suppliers 5000 million yuan. After calculating inside and outside, he still has 5000 million yuan. You and I don’t have the guts to get it back if you don’t take it back. The total investment of his more than [-] projects now is at least [-] million, which is [-] million based on half of the completion. According to the general advance ratio, he has almost advanced One hundred million, owed half a hundred million from the supplier, and he still advanced half a hundred million himself."

Yu Kefei said: "I understand. When the two items are added together, he has [-] million yuan that has been deposited on the project. If he wants to continue to do construction projects, he has to advance funds, and he needs even more funds. .”

Jin Yunfei said: "That's right, he has to quit. If he quits, can the [-] million be recovered? Therefore, Wang Jiudan's company seems huge, but I don't envy it at all. I think it's all hypocrisy." Yes. The bigger it is, the faster it will collapse, and the worse the result will be.”

Yu Kefei glanced at Jin Yunfei, "Yunfei, I've always wanted to ask a question. You or Wang Jiudan, who has more assets?"

Jin Yunfei smiled, "Old Yu, why did you think of asking this question?"

"It's not convenient to say it."

"It's not inconvenient for you and me to be neighbors and friends. However, you should ask Wang Jiudan first, and then ask me."

"I really asked him. He said that in comparison now, you still have more, but I thought he had more than you."

"Hehe, Old Yu you are wrong, Wang Jiudan is right, I am stronger than him now."

"Oh, I'd like to hear more about it."

"He owns those real estate properties, and I also own some real estate properties. The two are even. In Yunjiuyao Company and Liuhe Company, we both have shares, with the same proportion, and they are even. He has Jiudan Building, and I have a comprehensive shopping center. Half of the land in the processing industry square, the two can be evened out. He only has 5000 million shares in the bank, and I have 500 million. I overshadow him. He must have more cash on hand than me, but I have five The factory area is now worth at least [-] million, which is no worse than him. Old Yu, how is it?"

"It seems that there is really no distinction between top and bottom."

"Comparing to the current business. Wang Jiudan can complete an annual output value of 20.00 million yuan, gross profit can't be counted. Excluding all expenses, and calculating his [-]% net profit so-so, he can earn about [-] million yuan a year. Old Yu, am I fair? "

Yu Kefei nodded and said: "Fair. According to Wang Jiudan himself, with his current scale, his annual net income is at most 8000 to [-] million."

"Well, what he said should be the truth, because construction projects have too much off-the-book expenses, and they can't control it."

Yu Kefei said: "Let me help you settle your accounts. Your Yunfei company can produce 500 pairs of shoes a day, and if calculated on the basis of 6000 days a year, the annual production capacity will reach 4000 million pairs. In addition to your Qi Ke Brand sports shoes, the average profit per pair can reach about [-] yuan. That is to say, the annual net income is [-] million, at most not much. In your current company, you only account for [-]/[-] of the shares. Yunfei, so Calculated, your personal annual net income is about [-] million."

Jin Yunfei laughed again, "Hehe... I said, Lao Yu, you shouldn't be making shoes, you should be an agent. There are no secrets about my family anymore."

Yu Kefei smiled and said: "Neighbor, the door is clear. Yunfei, with this calculation, Wang Jiudan's current annual income is twice as much as yours. He is better than you."

"Hehe, Old Yu, you missed two accounts."

"Oh, is there anything else valuable in your house?"

"My money is all in my account, that is, in my pocket. Wang Jiudan's money is all in the account book, that is, it is not in his pocket yet. May I ask whether this account should be accounted for? How? Calculate?"

"Not to mention, you asked a good question. When Wang Jiudan's income is received in his pocket, there will be at least a [-]% discount, maybe a [-]% discount or even a [-]% discount. However, even if there is a discount, he still earns less than [-]% of his income every year." You have more, in a few years, his total assets will definitely exceed yours."

"I still have it. I still have the most valuable thing, which is the Yunfei brand trademark. As you know, the year before last, my Yunfei brand trademark was valued at 8000 million. At the end of the year before last, a foreign businessman If you want to buy my Yunfei brand trademark, the bid is [-] million. Last year, you also know that my Yunfei brand trademark is worth [-] million yuan in the national well-known trademark evaluation and valuation. Old Yu, now another year has passed How much should my Yunfei trademark be worth?"

Yu Kefei was stunned, "I, how could I forget this?"

"If I put it up for public auction, I can sell it for [-] million, do you believe it?"

"I believe that your third girl has been packaging and promoting the Yunfei brand trademark."

"Hehe, I still have more assets than Wang Jiudan."

"Oh, you have many, you have many, that guy won't be able to catch up with you in three to five years."

Jin Yunfei laughed and scolded: "Old guy, I'm better than Wang Jiudan, why are you so angry? Are you looking forward to your neighbor's downfall?"

"No, no, I am sighing for myself. People are more irritating than others. I didn't understand the influence of brands back then. You advised me to register a trademark, but I didn't listen to it at all. After I realized it later, the times are no longer With it, it’s only two or three years away. Now my trademark is only worth tens of thousands, and yours is going straight to [-] million. Yunfei, I can’t live compared to you.”

"Man's fate is determined by God. I will go, my fate, I decide. Old Yu, you are already a successful person, you should not talk about frustration. If you think about Wang Jiudan now, you will find that you old guy What a success and what a blessing."

Yu Kefei smiled, "That's right, it's not like a lifetime, but only a moment, and now I'm definitely happier than Wang Jiudan."

"He, if we don't help him, I'm afraid he won't be able to get up."

"Yunfei, is it really possible that he won't be able to get up?"

(End of this chapter)